Escrow & Title
In Alaska, the legal description in a deed must be sufficient to:
AInclude the street address and GPS coordinates
BIdentify the property with sufficient certainty that a surveyor could locate the exact boundaries✓ Correct
CMatch the description in the mortgage document exactly
DList all improvements on the property
Explanation
A legal description must be precise enough that a surveyor could locate and identify the exact property. Common legal description methods in Alaska include the U.S. Public Land Survey system (township, range, section), metes and bounds, and recorded plat references.
Related Alaska Escrow & Title Questions
- In Alaska, 'marketable title' means:
- In an Alaska real estate transaction, the escrow holder's primary function is to:
- In a preliminary title report for an Alaska property, Schedule B exceptions typically include:
- Alaska's recording statutes protect a good-faith purchaser who:
- A title search reveals a mechanic's lien filed by a contractor who was not paid for work on the property. At closing, this lien should be:
- A title insurance policy that protects the lender's interest is called a:
- An Alaska deed must be acknowledged (notarized) before it can be:
- A title binder (commitment) in Alaska is best described as:
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